According to the website of the State Mine Safety Supervision Administration, the State Mine Safety Supervision Administration, the Ministry of Emergency Management, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Science and Technology, the Ministry of Finance, and the Ministry of Education issued the “Guiding Opinions on Further Promoting Intelligent Mine Construction to Promote Mine Safety Development”, which mentions the development of core equipment.

Accelerate the development and application of core components, sensors, key control units and operating systems of intelligent mining equipment, and accelerate the development and iterative update of mining robots.

Develop high-end mining sensors and special instruments and equipment such as distributed optical monitoring, high-precision microseismic monitoring, and 3D laser scanning.

Strengthen the development and application of core equipment such as complete intelligent fast excavation equipment, intelligent drilling equipment, intelligent drilling equipment, 10-million-ton intelligent work surface comprehensive mining equipment, intelligent shoveling and transportation equipment, intelligent tailings filling equipment, unmanned intelligent drilling and blasting equipment, large-scale intelligent mining equipment for open pit mines, heavy-duty operation robots, and new unmanned mining vehicles.

Tianfeng Securities released a research report stating that in '24, the State Council passed the “Action Plan to Promote Large-scale Equipment Renewal and Consumer Goods Trade-In”. The current round of equipment updates had the three characteristics of “extensive scope, high standards, and strong subsidies.” The suggestion was to focus on the potential investment opportunities brought about by equipment upgrading and transformation in traditional manufacturing cycles.

Mining system equipment renewal related companies:

Zheng Coal Machinery (00564): The industrial upgrading and digital intelligent transformation of the coal machinery industry continues. In 2023, the coal machine business achieved operating income of 18.854 billion yuan, an increase of 12.51% over the previous year, and realized a net profit of 3.52 billion yuan, an increase of 21.48% over the previous year. The company's coal machine business is the R&D, design, production, sales and service of comprehensive coal mining equipment and parts, and intelligent coal mining control systems, providing safe, efficient and intelligent first-class comprehensive coal mining technology, complete equipment solutions and services for global coal customers. The company is the absolute leader in the hydraulic support industry for coal mills, and is in a leading position in the industry in the intelligent integrated mining of coal mines.

Sany International (00631): In 2023, Sany International's mining equipment business segment achieved revenue of 11.8 billion yuan, an increase of 19% over the previous year. The company has also always insisted on leading R&D, increasing investment in smart mines, smart ports, driverless driving, robotics, emerging industry equipment, and oil and gas equipment. In 2023, the company spent 1,682 billion yuan on R&D, an increase of 95.5% over the previous year.